(To read more on the multifamily market, click here.)

BOSTON-Archstone Smith is out to capture the luxury apartment market in Boston. The Englewood, CO apartment developer and owner has held a portfolio of suburban Boston assets for years but it wasn’t until November, when the company opened Archstone Boston Common, that it had a presence in the city’s urban core. Now, the firm has its eyes on downtown Boston where luxury units are rare.

“We’re very comfortable with competing in this market in the luxury class,” says Karl Trieschman, head of the Boston development group for Archstone-Smith. So comfortable, in fact, says Trieschman, that the company is eyeing other urban locations for its high-end apartment ventures.

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